HomeMy WebLinkAboutKIN 1900 419 Borrowing by-law
328 H"_
BY-L,iw No. H I '1
I',
/ 1
,
WHEREAS it iB expedient to raise by lVay of loan the sum of r 110 tilOJsa.ni r 1 ve n\ln:!1t
~ C>.hJ..
required to meet the current expenditure of th~ corporation of t:\ eI
T ,vn or i{ln;l.trHne __u..
o llE IT RESOl.VED, therefore, and the Council of tna
enact as follows:-
Toom Or Klnoudlnl-
I sl. That it shall and may be lawful for the
and Treasurer of the
:s
lIa.yor
Said TONn of i<1noui1ne and they are hereby authorized and
empowered to borrow from '1511' Olm~nnl$ :\Snnk Il~ €nnnbn, at the Ollice of the said
Bank in the TOlin _ of _ i{lnolr:!ln<3 the sum of ho tnoJS\ni CiVil
Dollars
hundre:! ----
for the purpose aforesaid,
2nd, That the said _ May 0 r and Treasurer arc hereby authorized and
empoweredonbehalfof tna '::or,)oratlon oC tfl<3 TO'fil oC ":I:'\clrj~nand
execute, as representing such advance, under the Corporate Seal of t ne S 11:l fal/nof ,{ I no 1 rJ 1 n!l
and dcliverto the mana;ler of 'Gll' !llm~nlll$ J3nnlt III Gnnabn, at ,{lnouJ I ne
the promi..ory note, or notes, of the said ;o\ayor ilnd Trea.s\lrar
pa)'able at the'office of the said lIank in ,{lno:u:!lna on the rent,l ,by
day of - 00 t a J <3 r I 3QO-t8-- , with interest thereon at the rate of 6 per cent, per annum,
and also, to execute in like manner renewals thereof, in wh?le or part, until such advances are
fully repaid,
Done and passed in Council at ;( In 0.1 r J In' _.. this - - -- t n I r j ._ day of
Au~.)st 1900--18---
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